405 Locust Street

Springfield, TN 37172

$1,000,000
Last Sold Price
Beds
8,508 Sq. Ft.
$118 / Sq. Ft.
8,508
Sq. Ft.
$118
per Sq. Ft.

Description

Very will maintained 8 unit apartment building Investment! Downtown Historic District of Springfield, walkable to many shops and restaurants. 2 bedroom / 1 bath units each with their own utility meters and mechanical equipment. 17 parking spaces. Current rents are below market with considerable upside potentialVery will maintained 8 unit apartment building Investment! Downtown Historic District of Springfield, walkable to many shops and restaurants. 2 bedroom / 1 bath units each with their own utility meters and mechanical equipment. 17 parking spaces. Current rents are below market with considerable upside potential
  1. Listed by Martie Burnett • EXP Realty
  2. Listed by Matthew Burnett • EXP Realty

Property Details for 405 Locust Street

Subdivision Name
None
Waterfront
No

Location

Listing Courtesy of EXP Realty, Martie Burnett (615.519.7144); EXP Realty, Matthew Burnett (615.533.6550)

Sold By EXP Realty, Matthew Burnett (615.533.6550); EXP Realty, Martie Burnett (615.519.7144)

Add your commute
LISTING UPDATED: 01/21/2022 10:42 AM

Property Details for 405 Locust Street

StatusClosed
MLS #2272074
Days on Market124
Taxes$4,331 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.41 AC / 17,859 SF
CountyRobertson County

Location

Listing Courtesy of EXP Realty, Martie Burnett (615.519.7144); EXP Realty, Matthew Burnett (615.533.6550)

Sold By EXP Realty, Matthew Burnett (615.533.6550); EXP Realty, Martie Burnett (615.519.7144)

Add your commute

Building Information for 405 Locust Street

Stories2Residences8Year Built1920Building Size-Lot Size0.41 AC / 17,859 SF

Payment Calculator

$5,818 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$361

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 405 Locust Street

Summary
Location and General Information
  • Directions: From Memorial Blvd. turn left on to 5th Avenue then right on Locust Street
  • Elementary School: Cheatham Park Elementary
  • High School: Springfield High School
  • Levels: Two
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Springfield Middle School
  • Mlg Can View: Yes
  • Zoning: Res
Parking
  • Garage Spaces: .00
  • Parking Features: Asphalt
  • Parking Total: .00
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Carpet, Vinyl
Lot Information
  • Lot Size Source: Calculated from Plat
  • Lot Size Units: Acres
  • Parcel Number: 080G D 03800 000
  • Lot Size Area: 0.41
Property and Assessments
  • Construction Materials: Brick
  • Documents Count: 0
  • New Construction: No
  • Possession: Negotiable
  • Property Attached: No
  • Stories: 2
  • Year Built Details: EXIST
Utilities
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
Exterior Features
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • Roof: Asphalt
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Unit 1
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Actual Rent: $800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental Information
Rental Information
  • Tenant Pays: Electricity, Gas, Water
  • Total Actual Rent: $3,200

Property History for 405 Locust Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 405 Locust Street

Taxable ValueLand$68,000Additions$343,960Total$411,960
Home Facts
Total Finished SqFt8,504 SqFtAbove Grade Finished SqFt8,504 SqFtUnfinished Basement SqFt1,548 SqFtStories2Lot Size17,596 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated2005CountyROBERTSONAPN074080G D 03800

Schools near 405 Locust Street

This home is within Robertson County School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Westside Elementary School
PublicK to 2

Cheatham Park Elementary School
Public3 to 5

Springfield Middle School
Public6 to 8

Springfield High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty, Martie Burnett (615.519.7144); EXP Realty, Matthew Burnett (615.533.6550)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 01/21/2022 10:42 AM